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FSE
FSE
FSE - Firestone Energy Limited - Appendix 5B Mining exploration entity
quarterly report
FIRESTONE ENERGY LIMITED
(Incorporated in Australia)
(Registration number ABN 058 436 794)
Share code on the JSE Limited: FSE
Share code on the ASX: FSE
ISIN: AU000000FSE6
(SA company registration number 2008/023973/10)
("FSE" or "the Company")
Appendix 5B
Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98,
30/9/2001, 01/06/10.
Name of entity
Firestone Energy Limited
ABN Quarter ended
("current quarter")
71 058 436 794 30 Sept 2011
Consolidated statement of cash flows
Current quarter Year to date
Cash flows related to operating $A`000 $A`000
activities
1.1 Receipts from product sales and - -
related debtors
1.2 Payments for (a) exploration &
evaluation (319) (319)
(b) development - -
(c) production - -
(d) administration (400) (400)
1.3 Dividends received - -
1.4 Interest and other items of a
similar nature received 15 15
1.5 Interest and other costs of - -
finance paid
1.6 Income taxes paid - -
1.7 Other 47 47
(657) (657)
Net Operating Cash Flows
Cash flows related to investing
activities
1.8 Payment for purchases of: (a) - -
prospects - -
(b) (1,517) (1,517)
equity investments
(c) other
fixed assets
1.9 Proceeds from sale of: (a) - -
prospects - -
(b) - -
equity investments
(c) other
fixed assets
1.10 Loans to other entities - -
1.11 Loans repaid by other entities - -
1.12 Other (provide details if - -
material)
(1,517) (1,517)
Net investing cash flows
1.13 Total operating and investing cash (2,174) (2,174)
flows (carried forward)
1.13 Total operating and investing cash (2,174) (2,174)
flows (brought forward)
Cash flows related to financing
activities
1.14 Proceeds from issues of shares, 2,030 2,030
options, Convertible Notes etc.
1.15 Proceeds from sale of forfeited - -
shares
1.16 Proceeds from borrowings 573 573
1.17 Repayment of borrowings - -
1.18 Capital raising costs (90) (90)
1.19 Other - Interest paid
Net financing cash flows 2,513 2,513
Net increase (decrease) in cash 339 339
held
1.20 Cash at beginning of quarter/year 1,892 1,892
to date
1.21 Exchange rate adjustments to item 8 8
1.20
1.22 Cash at end of quarter 2,239 2,239
Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related
entities
Current
quarter
$A`000
1.23 Aggregate amount of payments to the 333
parties included in item 1.2
1.24 Aggregate amount of loans to the -
parties included in item 1.10
1.25 Explanation necessary for an understanding of the
transactions
Directors fees (inc Exp reimbursements) - $53K.
Payments to wholly owned subsidiary, Lexshell Pty
Limited, of which amounts are paid to third parties to
make payments on behalf of Firestone Energy pursuant
to its JV agreement with Sekoko Resources - $280K
Non-cash financing and investing activities
2.1 Details of financing and investing transactions which
have had a material effect on consolidated assets and
liabilities but did not involve cash flows
N/A
2.2 Details of outlays made by other entities to establish or increase
their share in projects in which the reporting entity has an
interest
N/A
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount available Amount used
$A`000 $A`000
3.1 Loan facilities $25,000 $24,700
(The holder of the Convertible
Notes has converted A$3.7million
to equity as at 30 June 2011. The
outstanding convertible note
liability for Firestone Energy as
at 30 Sept 2011 is A$21.0
million)
3.2 Credit standby arrangements - -
Estimated cash outflows for next quarter
$A`000
4.1 Exploration and evaluation 120
4.2 Development -
4.3 Production -
4.4 Administration
900
Total 1,020
Reconciliation of cash
Reconciliation of cash at the end of Current Previous quarter
the quarter (as shown in the quarter $A`000
consolidated statement of cash flows) $A`000
to the related items in the accounts is
as follows.
5.1 Cash on hand and at bank 318 1,892
5.2 Deposits at call 1,921 -
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of quarter 2,239 1,892
(item 1.22)
Changes in interests in mining tenements
Tenement Nature of Interest at Interest at
reference interest beginning of end of quarter
(note (2)) quarter
6.1 Interests Nil
in mining
tenements
relinquishe
d, reduced
or lapsed
6.2 Interests Nil
in mining
tenements
acquired or
increased
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion
rights together with prices and dates.
Total Number Issue price Amount paid up
number quoted per security per security
(see note 3) (see note 3)
(cents) (cents)
7.1 Preference Nil Nil
+securities
(description)
7.2 Changes Nil Nil
during
quarter
(a)
Increases
through
issues
(b)
Decreases
through
returns of
capital, buy-
backs,
redemptions
7.3 +Ordinary
securities 2,958,675 2,958,675,7 Fully paid
FSE ,784 84
7.4 Changes
during
quarter
(a) 177,361,4 177,361,423 Fully Paid
Increases 23
through
issues
(b)
Decreases
through
returns of
capital, buy-
backs
7.5 +Convertible
debt
securities
(description)
7.6 Changes
during
quarter Nil Nil $100,000 $100,000 each
(a) each
Increases
through (3) $100,000 each
issues $100,000
(b) each
Decreases
through
securities
matured,
converted
7.7 Options Exercise Expiry date
FSEAK 30,000,00 Nil price 30 Nov 2012
FSEAM 0 Nil 5 Cents 31 May 2013
FSEAO 111,000,0 Nil 6 Cents 30 Jun 2013
FSEAI 00 Nil 6 Cents 30 Jun 2014
FSEO 96,904,76 42,382,500 6 Cents 31 May 2014
7 4 Cents
25,875,00
0
42,382,50
0
7.8 Issued during
quarter 42,382,50 42,382,500 4 Cents 31 May
0 2014
7.9 Exercised
during
quarter
7.10 Expired
during
quarter
7.11 Debentures
(totals only)
7.12 Unsecured
notes (totals
only)
Compliance statement
1 This statement has been prepared under accounting policies which
comply with accounting standards as defined in the Corporations Act
or other standards acceptable to ASX (see note 4).
2 This statement does /does not* (delete one) give a true and fair
view of the matters disclosed.
31 October 2011
Company Secretary
Mr Jerry Monzu
Notes
1 The quarterly report provides a basis for informing the market how
the entity`s activities have been financed for the past quarter and
the effect on its cash position. An entity wanting to disclose
additional information is encouraged to do so, in a note or notes
attached to this report.
2 The "Nature of interest" (items 6.1 and 6.2) includes options in
respect of interests in mining tenements acquired, exercised or
lapsed during the reporting period. If the entity is involved in a
joint venture agreement and there are conditions precedent which
will change its percentage interest in a mining tenement, it should
disclose the change of percentage interest and conditions precedent
in the list required for items 6.1 and 6.2.
3 Issued and quoted securities The issue price and amount paid up is
not required in items 7.1 and 7.3 for fully paid securities.
4 The definitions in, and provisions of, AASB 1022: Accounting for
Extractive Industries and AASB 1026: Statement of Cash Flows apply
to this report.
5 Accounting Standards ASX will accept, for example, the use of
International Accounting Standards for foreign entities. If the
standards used do not address a topic, the Australian standard on
that topic (if any) must be complied with.
31 October 2011
Pretoria
Sponsor
River Group
Date: 31/10/2011 11:37:28 Produced by the JSE SENS Department.
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